I heard more folks talking about it. It is what is happening in Greece today and to some extend in US.
The major flaw of the US political system is the re-election in 4 years. Our leaders do not plan or care about the long term. We've more poor than the rich and each has one vote. However, after they've been elected, they have to pay back to the special interest groups (such as no gun control) that have funded their campaigns. That's why democratic system always leads to corruption and self destruction.
Politicians have to watch out for the benefits/welfare of the poor in order to buy votes. The rich will migrate to other countries with less taxes, and be rewarded for their investment and taking risks. So are the corporations moving jobs and investments overseas. We have to blame ourselves as we vote to elect our leaders.
Most of the recent protesters in Wall Street belong to the unemployed and the 40% (excluding the unemployed due to our economic mess) of the citizens who pay no Federal taxes. It is some kind of taxation without representation in reverse. They should take minimal paid jobs (that are taken by illegals today), give back their entitlements... They are taking more from the society than giving back.
Greece has been illustrated this concept thoroughly. Democratic system esp. the rich ones could lead to socialism/corruption, and socialism/corruption in turn could lead to self destruction. With the world interconnected, it could lead to global recession.
Obviously non-democratic systems could also lead to socialism, which in turn could lead to capitalism with corruption too.
Click here on "China and Political Systems".
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Possibly the 5 best sentences you'll ever read
ReplyDeleteThere is a number 6 and comes from Maggie Thatcher:
Socialism fails when it runs out of other people’s money!
These are possibly the 5 best sentences you'll ever read:
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
Can you think of a reason for not sharing this?
Neither could I......
The government has to help the poor, the disabled (physical and mental), the old, the unfortunate...
ReplyDeleteHowever, there are rules:
1. You have to specify and agree on a percentage of GNP for these aids.
2. You need to help them to help themselves and show them how to fish instead of giving them fish. Cure the diseases of drug addicts and alcoholic addicts.
Donating food to Africans could destroy their own farm industry as they cannot compete with freebies.
3. Encourage folks to work. If they work and lose their free health care, they will not work. Same for teenage mothers. Safety nets should not turn into a permanent aids for most.